Question
An investor wants to find the duration of a(n) 20-year, 9% semiannual pay, noncallable bond that's currently priced in the market at $914.20, to yield
An investor wants to find the duration of a(n) 20-year, 9% semiannual pay, noncallable bond that's currently priced in the market at $914.20, to yield 10% Using a 200-basis point change in yield, find the effective duration of this bond (Hint: use Equation 11.11)
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The Handbook Of Financing Growth
Authors: Kenneth H. Marks, Larry E. Robbins, Gonzalo Fernandez, John P. Funkhouser, D. L. Williams
2nd Edition
0470390158, 978-0470390153
